Stock Futures Surge as Tech Stocks Rebound Amid U.S.-Iran Ceasefire Agreement
U.S. stock futures climbed sharply on Monday as investors welcomed signs of renewed strength in technology shares and a temporary…
Category: Economy
US Treasury Yields Hold Steady as Investors Await Crucial Jobs Report
U.S. Treasury yields showed little movement on Monday as investors adopted a cautious stance ahead of a series of important…
Exports to US fall by N366bn as imports surge
Nigeria’s trade relationship with the United States took a dramatic turn in the first quarter of 2026 as exports to…
FMDQ FX Market Turnover Jumps 22% to $2.84 Billion as Trading Activity Gains Momentum
Nigeria’s foreign exchange market recorded a significant boost in trading activity as total turnover on the FMDQ Exchange climbed to…
MPR: Analysts see MPC holding rates as election cycle begins
As Nigeria edges closer to the 2027 general elections, financial analysts are increasingly convinced that the Central Bank of Nigeria…
Tax Compliance Key to Nigeria’s Economic Growth, Says Oyedele
Nigeria could witness unprecedented economic growth if it succeeds in improving tax compliance across the country, Chairman of the Presidential…
Ceramic Industry Investment Key to Nigeria’s $1 Trillion Economy Goal, Experts Say
Nigeria’s journey toward becoming a $1 trillion economy by 2030 could receive a significant boost from the ceramics industry if…
Nigeria’s exports to East, Southern Africa hit N1tn
Nigeria’s exports to East and Southern African countries have crossed the N1 trillion mark for the first time, highlighting the…
Treasury Yields Slip as Inflation Concerns and Middle East Tensions Keep Markets on Edge
U.S. Treasury yields moved lower on Friday as investors closely monitored the latest inflation data and renewed geopolitical tensions in…
Intra-African Trade Hits $213.8 Billion as AfCFTA Drives Regional Economic Growth
Africa’s push for deeper economic integration is yielding positive results as intra-African trade climbed by 5.5 percent in 2025, reaching…
Africa’s top 15 agro-exports driving trade growth
Africa’s agricultural sector is proving to be one of the continent’s strongest economic engines, with cocoa, coffee, cashews, tea and…
Dangote refinery eyes $2bn in historic listing – Report
Africa’s largest refinery is preparing to make history as Dangote Petroleum Refinery moves closer to a landmark public listing that…
Tinubu Urges Africa to End Raw Material Exports, Embrace Industrialisation for Economic Growth
President Bola Tinubu has challenged African nations to break away from the decades-long cycle of exporting raw minerals while importing…
El Niño Threatens Nigeria’s Power Supply as Hydropower Generation Faces Major Setback
Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn that the ongoing El Niño…
Nigeria’s Intra-African Trade Hits $9bn as AfCFTA and Policy Reforms Drive Growth
Nigeria’s trade with other African countries climbed to $9.02 billion in 2025, marking a significant increase from the $7.47 billion…
Analysts Predict Mixed Outlook for Nigerian Stocks in H2 2026
After an exceptional first half of 2026, Nigeria’s stock market is entering a critical phase that could redefine investor fortunes…
Naira Suffers Sharpest Fall Since April as Dollar Strength Pushes Exchange Rate to N1,389/$
Nigeria’s currency came under renewed pressure on Wednesday, recording its sharpest single-day depreciation since April as the naira closed at…
FG Pushes African Cross-Border Payment Card to Boost Trade and Reduce Dollar Dependence
The Federal Government has unveiled plans to champion the creation of an African cross-border payment card that would allow seamless…
ACCI Warns FG Against Tax Policies That Could Hurt Businesses as Nigeria Pursues $1 Trillion Economy
As Nigeria intensifies efforts to build a $1 trillion economy, the Abuja Chamber of Commerce and Industry (ACCI) has cautioned…
OMO Maturities Inject N3.39tn Liquidity into Nigeria’s Banking System, Drive Market Shift
The Nigerian financial system is set for a major liquidity boost this week, with an estimated N3.39 trillion expected to…
MAN Seeks N1 Trillion Stabilisation Fund as Manufacturing Credit Plunges by 22.5%
Nigeria’s manufacturing sector is facing mounting financial pressure after commercial bank credit to the industry fell sharply by 22.5 percent…
Trump Orders Probe Into Alleged Petrol Price Gouging by Major Oil Companies
President Donald Trump has directed the US Department of Justice to investigate major oil companies over allegations that they are…
Nigeria Inflation Outlook Brightens as Analysts Predict Gradual Decline from July
Nigeria’s inflation outlook is showing signs of improvement as financial analysts project a gradual easing of price pressures beginning in…
Naira Falls to Four-Week Low as Stronger U.S. Dollar Puts Pressure on Nigeria’s Currency
The Nigerian naira slipped to N1,373 against the U.S. dollar at the official foreign exchange market on June 23, 2026,…
Petrol Price Drop Sparks Fears of CNG Abandonment as Nigerian Motorists Reconsider Fuel Choices
The recent decline in petrol prices across Nigeria is beginning to reshape consumer behavior, with oil marketers predicting that many…
Fitch warns Nigeria against $5bn Abu Dhabi loan, says financing method poses risks
Nigeria’s proposed $5 billion financing arrangement with First Abu Dhabi Bank has come under fresh scrutiny after global rating agency…
Lithium Demand Set to Surge 353% by 2040 as Nigeria Attracts Global Scramble for Critical Minerals
Global demand for lithium is expected to skyrocket by 353 per cent by 2040, according to projections from the United…
Nigerians Hold N5.19 Trillion Cash Outside Banks as Cash Usage Defies Digital Payment Growth
Nigeria’s push toward a cashless economy continues to face strong resistance, as new data shows that Nigerians are still holding…
Nigeria Among Nine Countries Responsible for 83% of Global Gas Flaring, World Bank Reveals
Nigeria has once again been identified as one of the world’s top contributors to gas flaring, as a new World…
SEC Nigeria Pushes for Stronger African Capital Market Collaboration as Nigeria and Rwanda Sign New MoU
The Securities and Exchange Commission (SEC) Nigeria has renewed its push for deeper integration among African financial markets, calling for…